Wednesday, January 9, 2013

Crispin Odey’s hedge fund, Odey Asset Management, has disclosed a new position in London traded Regus (LON: RGU). Due to trading on January 4th, Odey now own 5.15% of Regus’s voting rights.

Odey hold the equivalent of 1.88% of Regus’s voting right via contract for difference (CFD), something we've explained in the past via that link for those unfamiliar.

In terms of shorts positions in the UK property sector, Odey also has a -0.91% short in Capital Shopping Centres (LON: CSCG). CSCG is a real estate investment trust (REIT) that owns 14 regional shopping centres in the UK.

Per Google Finance – “Regus plc is a provider of global office outsourcing services. Its primary activity and business segment is the provision of global workplace solutions. There are three parts to the Company’s business: Mature, New and Third Place. The Company’s products and services include outsourcing, workplace recovery, business lounges, businessworld, meeting rooms, video communications, offices and virtual offices. It offers bespoke packages for starting a business, home based business, mall and medium business, international business and corporate workspace solutions. It has some 1,203 locations across 550 cities in 94 countries serving more than a million customers. Its principal geographical segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; and the United Kingdom. During the year ended December 31, 2011, it opened 139 locations, and added 62 centers, including a center in Omaha, Nebraska. In September 2012, it opened a new business center in Rwanda, Kigali.”

Crispin Odey’s hedge fund, Odey Asset Management, has disclosed a new position in London traded Regus (LON: RGU). Due to trading on January 4th, Odey now own 5.15% of Regus’s voting rights.

Odey hold the equivalent of 1.88% of Regus’s voting right via contract for difference (CFD), something we've explained in the past via that link for those unfamiliar.

In terms of shorts positions in the UK property sector, Odey also has a -0.91% short in Capital Shopping Centres (LON: CSCG). CSCG is a real estate investment trust (REIT) that owns 14 regional shopping centres in the UK.

Per Google Finance – “Regus plc is a provider of global office outsourcing services. Its primary activity and business segment is the provision of global workplace solutions. There are three parts to the Company’s business: Mature, New and Third Place. The Company’s products and services include outsourcing, workplace recovery, business lounges, businessworld, meeting rooms, video communications, offices and virtual offices. It offers bespoke packages for starting a business, home based business, mall and medium business, international business and corporate workspace solutions. It has some 1,203 locations across 550 cities in 94 countries serving more than a million customers. Its principal geographical segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; and the United Kingdom. During the year ended December 31, 2011, it opened 139 locations, and added 62 centers, including a center in Omaha, Nebraska. In September 2012, it opened a new business center in Rwanda, Kigali.”

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